Buyer Agreement

Your Reliable Companion in Real Estate

At Realty One of New Mexico, we uphold three core principles: Kindness, Professionalism, and Expertise. These values shape every client interaction, ensuring a smooth and satisfying home-buying experience.

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Buyer's Guide

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Our Commitment to You

Kindness: We never ask for exclusivity. If you don't find our service exceptional, you're free to work with another broker. We believe in building relationships based on trust and mutual respect, ensuring that your needs and satisfaction are our top priority.
Professionalism: We offer transparent pricing, so you know our compensation upfront. We pride ourselves on clear and timely communication with our clients. Our dedicated marketing and administrative team provides enhanced value to our clients by ensuring that every detail is handled with precision and care.
Expertise: We stay ahead of changing rules and regulations and offer exceptional service using our extensive local area knowledge. Our team is continuously trained and updated on the latest market trends and legal requirements, ensuring that you receive the best possible advice and support throughout your home-buying journey.

Important Changes in Real Estate Practices

Recent changes resulting from the National Association of Realtors (NAR) settlement aim to increase transparency and flexibility in real estate transactions. Here's what you need to know:

Broker Agreements: Your Path to Confident Home Buying

Starting August 17, 2024, all real estate professionals must enter into written agreements with buyers before touring homes. Our non-exclusive broker agreement offers:

Flexibility: Work with other brokers if you're unsatisfied with our service.
Transparency: Clear outline of responsibilities, services, and compensation.
Reasonable Duration: Typically 30-90 days, allowing for a thorough home search.
Termination Clause: Options to end the agreement if needed.
Clear Compensation Details: Upfront information on how and when we'll be compensated.

Understanding Broker Compensation

The NAR settlement has changed how real estate brokers are compensated. Here's how we are adapting to the change here at R1 Companies:

Seller Concessions for Broker Fees

We include a seller concession in every purchase offer to cover buyer's broker compensation. While sellers must agree to this, we believe it will become common practice.

Responsibilities for Broker Fees

If the seller doesn't fully cover buyer broker fees through concessions, you'll be responsible for the balance. Here are some scenarios:

Seller's Response to Concession	Buyer Options

Seller agrees to a 2.5% concession as-written in our offer
- You can use the seller concession for broker compensation - this will be indicated on the final closing document as a concession from the seller and a buyer closing cost for broker compensation in the same amount, which means no additional out-of-pocket costs.
- You can use the seller concession to offset other closing costs, buy-down your loan rate by purchasing points, etc. Your broker's compensation will be added as a closing cost and could result in a higher payment at closing.
Seller does not agree to our offer and counteroffers with a concession less than 2.5%
- You can accept the offer and use the partial concession to offset part of the broker compensation with the remaining compensation to be paid as part of closing costs
- You can use the partial concession to buy-down your loan rate by purchasing points. As above, your broker's compensation will be added as a closing cost and this approach could result in a higher payment at closing
- You can reject the counteroffer and we will strategize together on the best path forward to make sure we find the right solution for you
Seller does not agree to our offer and counteroffers with no seller concession
- You can accept the sellers offer with no concession, with broker compensation added as a closing cost to be paid through escrow
- You can reject the counteroffer and we will strategize together on the best path forward to make sure we find the right solution for you

Benefits of Working with the Realty One New Mexico

Choosing us means gaining access to:

Market Expertise: Our team leaders have decades of residential real estate experience in title and escrow.
Comprehensive Support: We guide you through every aspect of buying a home.
Dedicated Team: Our marketing and administrative professionals ensure efficient transactions.
Local Market Insight: In-depth knowledge of trends and factors affecting your home search.
Industry Network: Access to trusted contractors and service providers.
Advanced Resources: Tools to streamline your buying process.
Post-Purchase Assistance: Ongoing support even after closing.

The Value of Professional Representation

While our fee structure is transparent, understand the comprehensive value you receive:

Time Savings: We handle time-consuming tasks, allowing you to focus on what matters.
Risk Reduction: Our expertise helps navigate potential pitfalls and avoid costly mistakes. Identifying, quantifying, and eliminating risk is our specialty.
Stress Reduction: We provide support throughout the entire home-buying process.
Advocacy: We prioritize your best interests in all negotiations and interactions. Having negotiated thousands of transactions, you will have an advantage in the negotation process.
Trusted Experience: We have thousands of successful transactions under our belt, over 16 billion in sales, and clients who are happy to provide referrals. We are recognized by the industry as New Mexico's largest and most productive brokerage.

Ready to Begin Your Home Buying Journey?

Schedule a consultation below to review the buyer-broker agreement.

Discuss your home-buying goals and how our services align with your needs.
Review our fee structure and its application to your situation.
Sign the agreement when you're comfortable and ready to start your home search.

We look forward to helping you find your dream home!

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Your Reliable Companion in Real Estate

Buyer's Guide

Our Commitment to You

Important Changes in Real Estate Practices

Broker Agreements: Your Path to Confident Home Buying

Understanding Broker Compensation

Seller Concessions for Broker Fees

Responsibilities for Broker Fees

If the seller doesn't fully cover buyer broker fees through concessions, you'll be responsible for the balance. Here are some scenarios:

Seller's Response to Concession

Buyer Options

Benefits of Working with the Realty One New Mexico

The Value of Professional Representation

Ready to Begin Your Home Buying Journey?

Let's Work Together

A CAREER IN REAL ESTATE STARTS HERE

Follow Me on Instagram

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Address

Phone

BUYER AGREEMENT

Your Reliable Companion in Real Estate

Buyer's Guide

Our Commitment to You

Important Changes in Real Estate Practices

Broker Agreements: Your Path to Confident Home Buying

Understanding Broker Compensation

Seller Concessions for Broker Fees

Responsibilities for Broker Fees

If the seller doesn't fully cover buyer broker fees through concessions, you'll be responsible for the balance. Here are some scenarios:

Seller's Response to Concession

Buyer Options

Benefits of Working with the Realty One New Mexico

The Value of Professional Representation

Ready to Begin Your Home Buying Journey?

Let's Work Together

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A CAREER IN REAL ESTATE STARTS HERE

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